Shares of Avago Technologies Limited (NASDAQ:AVGO) Sees Large Inflow of Net Money Flow

Avago Technologies Limited (NASDAQ:AVGO) witnessed a selling pressure and the shares last traded with a loss of -2.63 points or -1.66% at $156. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $50.07 million with an inflow of $133.04 million in upticks and an outflow of $82.97 million in downticks. Using the data, the up/down ratio is found to be 1.6. The share price has recorded -3% on a weekly basis.A block trade of $62.05 million in uptick and $10.92 million in downtick was also observed, resulting in an up/down ratio of 5.68. The net money flow of the block trade stood at a $51.13, signaling heavy buying.

Broadcom Limited has dropped 2.69% in the last five trading days, however, the shares have posted positive gains of 8.77% in the last 4 weeks. Broadcom Limited is up 2.62% in the last 3-month period. Year-to-Date the stock performance stands at 8.17%.

Currently the company Insiders own 6.2% of Avago Technologies Limited shares according to the proxy statements. Institutional Investors own 92.7% of Avago Technologies Limited shares. . On the companys insider trading activities, The Securities and Exchange Commission has divulged that Kawwas Charlie B, officer (SVP & Chief Sales Officer) of Broadcom Ltd, had unloaded 5,224 shares at an average price of $163.56 in a transaction dated on June 9, 2016. The total value of the transaction was worth $854,437.

Avago Technologies Limited (NASDAQ:AVGO) witnessed a decline in the market cap on Friday as its shares dropped 1.66% or 2.63 points. After the session commenced at $158.97, the stock reached the higher end at $159.75 while it hit a low of $154.93. With the volume soaring to 4,333,260 shares, the last trade was called at $156. The company has a 52-week high of $166. The company has a market cap of $61,701 million and there are 395,518,580 shares in outstanding. The 52-week low of the share price is $100.

Avago Technologies Limited (Avago) is a designer, developer and global supplier of a range of analog semiconductor devices. The Company focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. The Company operates through four segments: wireless communications, enterprise storage, wired infrastructure and industrial & other. The wireless communications segment supports the wireless industry with a range of radio frequency (RF) semiconductor devices. The enterprise storage segment consists of LSI Corporations (LSIs) storage products and PLX Technology, Inc.s (PLXs) peripheral component interconnect express (PCIe) switches and bridges. The wired infrastructure segment supplies transceivers that receive and transmit information along optical fibers in the storage and Ethernet networking markets. The industrial & other segment provides a range of products for the general industrial and automotive markets.

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